Investing.com - Texas Instruments (NASDAQ:TXN) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Texas Instruments announced earnings per share of $2.33 on revenue of $4.91B. Analysts polled by Investing.com anticipated EPS of $2.18 on revenue of $4.74B.
Texas Instruments shares are down 1% from the beginning of the year and are trading at $161.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.4% from the start of the year.
Texas Instruments shares lost 4.42% in after-hours trade the report.
Texas Instruments follows other major Information Technology sector earnings this month
Texas Instruments's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.22 on revenue of $49.36B, compared to forecasts EPS of $2.19 on revenue of $49.01B.
Taiwan Semiconductor had beat expectations on April 14 with first quarter EPS of $1.35 on revenue of $16.94B, compared to forecast for EPS of $1.27 on revenue of $16.73B.
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